Tagged: banking circle

June 1, 2022 @ 1:02 am By Omar Faridi  |  

Money20/20 Europe will see the “convergence of complementary financial services” applications in the Banking Circle ecosystem. A technology-agnostic platform underpinned by an account infrastructure from which a range of financial services can be delivered, the Banking Circle ecosystem will “enable financial institutions to accelerate the… Read More

May 18, 2022 @ 1:38 am By Omar Faridi  |  

Banking Circle, the Payments Bank for the “new economy,” is reporting a “significant” uplift in its performance in 2021 as it continues “to help Payments businesses, Banks and Marketplaces access global cross-border payments, accounts and liquidity management that enables their business customers to transact more… Read More

May 3, 2022 @ 1:47 am By Omar Faridi  |  

Banking Circle, the “tech-first” Payments Bank focused on enabling “fast” and “low-cost” payments, has expanded its payment provision for Poland “with the addition of local Polish Virtual IBAN accounts for collections.” This means PSPs supporting businesses serving the Polish market can now “provide unlimited Virtual… Read More

April 18, 2022 @ 1:27 am By Omar Faridi  |  

Three years ahead of the 2025 deadline for completion, Banking Circle has reportedly  “adopted the ISO20022 messaging standard.” A single common format for all financial communications, ISO20022 “allows participants and systems in different markets to communicate in a consistent message format, using agreed terminology.” Laust… Read More

March 27, 2022 @ 11:02 pm By Omar Faridi  |  

Swiss financial services provider, Igson Capital AG, is enhancing its IBAN offer for firms by working in partnership with technology-first payments bank, Banking Circle. Utilizing Banking Circle Virtual IBAN, Igson Capital AG will also aim to “benefit from Faster Payments and SEPA instant transfers and… Read More

March 24, 2022 @ 8:26 am By Omar Faridi  |  

According to research commissioned by Payments Bank, Banking Circle, big bank de-risking is “significantly hampering the efforts of many financial institutions to deliver services that empower financial inclusion.” The primary cause appears to be “the risk-averse strategies adopted in response to the financial crisis of… Read More

March 8, 2022 @ 10:53 am By Omar Faridi  |  

February has seen “a number of regulatory updates,” as well as more reports of growth within the UK Fintech sector, the team at Banking Circle noted. At Banking Circle, they released their new whitepaper, ‘Payments without Barriers: Focus on Denmark’, examining “the potential from improved… Read More

March 3, 2022 @ 6:05 pm By Omar Faridi  |  

European payment institution, Igoria Trade SA, is enhancing its multicurrency IBAN capabilities by “working in partnership” with technology-first payments bank, Banking Circle. Utilizing Banking Circle Virtual IBAN, Igoria Trade will also “benefit from fast, secure SEPA, SWIFT and Faster Payments transfers.” With head offices in… Read More

February 19, 2022 @ 6:18 pm By Omar Faridi  |  

In their latest white paper, ‘Payments without barriers: Focus on Denmark’, the team at Banking Circle has looked into the opportunities and challenges for cross-border trade in the country. Although slow settlement times and high costs are a barrier for firms wanting to trade in… Read More

February 6, 2022 @ 1:09 pm By Omar Faridi  |  

DiPocket, a corporate disbursements and payment solutions provider, is enhancing customer access to Faster Payments via its partnership with technology-first payments bank, Banking Circle. Utilizing Banking Circle Virtual IBAN for both company and client fund accounts, DiPocket will offer its clients with access to Faster… Read More

February 1, 2022 @ 10:24 am By JD Alois  |  

  AI-powered buy now, pay later (BNPL) service Biller, has acquired and “joined” Banking Circle. Biller states that it will benefit from immediate access to the firm’s technology infrastructure, financial resources, payment rails, and licenses to accelerate its European expansion. Banking Circle is a provider… Read More

January 20, 2022 @ 11:36 am By Omar Faridi  |  

Mitch Trehan, UK Head of Compliance and MLRO at Banking Circle, has reportedly joined The Payments Association’s Advisory Board alongside other industry professionals from across the payments sector. Meeting as a team of 19 for the first time in January 2022, the Board intends to… Read More

December 20, 2021 @ 7:42 am By Omar Faridi  |  

2021 continued to be another “unprecedented year in the financial services industry,” according to an update from payments specialist Banking Circle. The team at Banking Circle points out that not only did the impact of COVID-19 “continue to accelerate change, but a number of new… Read More

December 6, 2021 @ 9:25 pm By Omar Faridi  |  

B2B cross-border payment provider, Verto, has teamed up with payments bank, Banking Circle, in order to streamline global payments for its customers. Utilizing the Banking Circle Virtual IBAN solution, alongside access to Banking Circle’s domestic payment channels, Verto is “addressing the pain points of complicated… Read More

November 23, 2021 @ 3:51 pm By Omar Faridi  |  

Payments Fintech Banking Circle, the tech-focused payments bank, has appointed an experienced banker as its new Head of Institutional Banking for the DACH region. Timo Florian Zwez has reportedly joined Banking Circle from commercial wholesale bank, Bayerische Landesbank (BayernLB), where he spent around 6 years… Read More

October 2, 2021 @ 8:47 am By Omar Faridi  |  

There have been many new developments in the banking and Fintech space with new research predicting growth across various areas of the fast-evolving sector. The team at payments specialist Banking Circle notes that they were recognized at Money 20/20 by two industry awards. Banking Circle… Read More

September 16, 2021 @ 8:36 am By Omar Faridi  |  

The team at Banking Circle, an established payments service provider, has looked into how collaboration can “speed up the real-time payments revolution for corporates.” As noted in a blog post by Banking Circle: “For retail customers, instant payments have come to be expected, but in… Read More

September 5, 2021 @ 5:24 pm By Omar Faridi  |  

There has been a special focus on anti-money laundering (AML) in the industry during August 2021, with accelerations in the use of artificial intelligence for AML, as well as certain updates made to regulatory guidelines, according to a report from Banking Circle. Payments specialist Banking… Read More

August 15, 2021 @ 7:59 pm By Omar Faridi  |  

In the fast-evolving digital economy, money laundering and financial crime have been increasing quite rapidly as regulation and banking processes struggle to address the rise in “criminal innovation.” Because of these developments, financial institutions have to respond quickly and effectively, by utilizing the appropriate tools… Read More

July 31, 2021 @ 9:06 am By Omar Faridi  |  

Payments specialist Banking Circle notes in a recent update on the payments, banking and Fintech space that there have been record-level investments in the UK’s vibrant Fintech sector, with $5.7 billion of VC invested across 317 deals so far in 2021. Banking Circle‘s CIO, Michel… Read More